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Gawker Declares Bankruptcy After Hulk Hogan Lawsuit

HeadlineJun 13, 2016

The digital media outlet Gawker has declared bankruptcy and put itself up for sale. The move comes after Gawker was ordered to pay $140 million in a lawsuit for publishing the sex tape of wrestler Hulk Hogan. Hogan’s lawsuit was financially backed by Silicon Valley billionaire Peter Thiel, who was outed as gay by a now-defunct Gawker blog.

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